TTXU vs. SPXS
TTXU (Direxion Daily Technology Top 5 Bull 2X ETF) and SPXS (Direxion Daily S&P 500 Bear 3X Shares) are both exchange-traded funds - TTXU is a Leveraged Equities fund tracking the S&P 500 Information Technology Top 5 Equal Capped Index, while SPXS is a Inverse Equities fund tracking the S&P 500 Index (-300%). Both are passively managed. At a correlation of -0.69, they often move in opposite directions. TTXU charges 0.98%/yr vs 1.08%/yr for SPXS.
Performance
TTXU vs. SPXS - Performance Comparison
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Returns By Period
In the year-to-date period, TTXU achieves a 58.33% return, which is significantly higher than SPXS's -23.38% return.
TTXU
- 1D
- -0.51%
- 1M
- 20.59%
- YTD
- 58.33%
- 6M
- 54.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXS
- 1D
- 0.94%
- 1M
- -0.30%
- YTD
- -23.38%
- 6M
- -22.12%
- 1Y
- -47.78%
- 3Y*
- -41.33%
- 5Y*
- -34.22%
- 10Y*
- -42.28%
TTXU vs. SPXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TTXU Direxion Daily Technology Top 5 Bull 2X ETF | 58.33% | -14.75% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | -23.38% | -6.12% |
Correlation
The correlation between TTXU and SPXS is -0.69, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | -0.69 |
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Return for Risk
TTXU vs. SPXS — Risk / Return Rank
TTXU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPXS
TTXU vs. SPXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Top 5 Bull 2X ETF (TTXU) and Direxion Daily S&P 500 Bear 3X Shares (SPXS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TTXU | SPXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.77 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.98 | — |
| Martin ratioReturn relative to average drawdown | — | -1.64 | — |
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Drawdowns
TTXU vs. SPXS - Drawdown Comparison
The maximum TTXU drawdown since its inception was -51.47%, smaller than the maximum SPXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TTXU and SPXS.
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Drawdown Indicators
| TTXU | SPXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -100.00% | +48.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.66% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.63% | — |
Current DrawdownCurrent decline from peak | -11.69% | -100.00% | +88.31% |
Average DrawdownAverage peak-to-trough decline | -22.38% | -96.29% | +73.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.18% | — |
Volatility
TTXU vs. SPXS - Volatility Comparison
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Volatility by Period
| TTXU | SPXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 64.35% | 37.27% | +27.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.35% | 50.65% | +13.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.35% | 53.69% | +10.66% |
TTXU vs. SPXS - Expense Ratio Comparison
TTXU has a 0.98% expense ratio, which is lower than SPXS's 1.08% expense ratio.
Dividends
TTXU vs. SPXS - Dividend Comparison
TTXU's dividend yield for the trailing twelve months is around 0.33%, less than SPXS's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPXS Direxion Daily S&P 500 Bear 3X Shares | 4.78% | 4.93% | 6.18% | 5.66% | 0.00% | 0.00% | 0.51% | 1.74% | 0.58% |
TTXU Direxion Daily Technology Top 5 Bull 2X ETF | 0.33% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TTXU and SPXS have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TTXU is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TTXU is cheaper with a 0.98% expense ratio, compared with 1.08% for SPXS.
SPXS has the higher dividend yield at 4.78%, compared with 0.33% for TTXU.
TTXU is categorized as Leveraged Equities, while SPXS is Inverse Equities. TTXU tracks S&P 500 Information Technology Top 5 Equal Capped Index, while SPXS tracks S&P 500 Index (-300%). Their fees differ too: 0.98% for TTXU and 1.08% for SPXS.
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